CGD in the News

Why Ethiopia Is Overtaking Kenya In The Race To Become The 'New China' (The Star)

October 17, 2017

From the article:

It is expensive to start and run a manufacturing factory in Kenya compared to at least 28 other African countries, a new study shows.

The study, by the Centre for Global Development, rates labor and capital costs per worker as top reasons for the country's unattractiveness. 

As per its findings, the labor cost per Kenyan worker is Sh218, 725 compared with Bangladesh where it is Sh86, 230 and Sh93, 872 in Ethiopia.

The researchers have found out that Ethiopia, already leading the way as Africa's 21st century center for manufacturing, has the best likelihood of being the "New China".

Read full article here.